Single Detached
Months of inventory for single detached homes numbered 5.2 at the end of the second quarter of 2026, down from the 6.6 months recorded at the end of the second quarter of 2025. This was the lowest level of months of inventory ever recorded in a second quarter.
Months of inventory for single detached homes in St. John’s numbered 2.7 at the end of the second quarter of 2026, down from the 4.4 months recorded at the end of the second quarter of 2025. This was the lowest level of months of inventory ever recorded in a second quarter for St. John’s.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, single detached homes spent less time on the market in the second quarter of 2026 than they had a year earlier.
The median number of days on market for sold single detached homes was 57 in the second quarter of 2026, down from 65 days in the second quarter of 2025.
The median number of days on market for sold single detached homes in St. John’s was 44.5 in the second quarter of 2026, down from 52 days in the second quarter of 2025.
Multi-Family
Months of inventory for multi-family units numbered 3.4 at the end of the second quarter of 2026, down from the 5.1 months recorded at the end of the second quarter of 2025. This was the lowest level of months of inventory ever recorded in a second quarter.
Months of inventory for multi-family units in St. John’s numbered 2.4 at the end of the second quarter of 2026, down from the 3.6 months recorded at the end of the second quarter of 2025. This was the lowest level of months of inventory ever recorded in a second quarter in St. John’s.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, multi-family units spent less time on the market in the second quarter of 2026 than they had a year earlier.
The median number of days on market for sold multi-family units was 49 in the second quarter of 2026, down slightly from 50 days in the second quarter of 2025.
The median number of days on market for sold multi-family units in St. John’s was 47 in the second quarter of 2026, unchanged from 47 days in the second quarter of 2025.
